An unlucky trader shared his story of turning nothing into $5 million over the course of the crypto bull run, only to lose it all again with meme coins.

What Happened: Pseudonymous trader 0xforeverblind, shared his devastating losses on X on Tuesday, revealing that he had gone through two crypto cycles—both times losing everything.  

Despite making over $5 million, he kept buying dips in meme coins like Popcat POPCAT/USD, Gigachad GIGA/USD, Mumu The Bull MUMU/USD and Retardio RETARDIO/USD, which later collapsed by 90-95%.

Over the past month, Popcat and Gigachad have plummeted 46% and 71%, reflecting the broader crypto market downturn.

Meme coin giants like Dogecoin DOGE/USD, Shiba Inu SHIB/USD, and Pepe PEPE/USD have fared slightly better, falling around 26-37%.

The trader panic sold at the bottom, attempted leverage trading, made $65,000, but repeated the cycle—now facing liquidation.

He admitted, "And after this, I will be at zero," adding that he feels emotionally drained and unsure if he has the energy to start over.

Also Read: Why Did Trump’s Strategic Crypto Reserve Not Include XRP?

What's Next: Veteran crypto trader Ansem weighed in, stressing the need for a disciplined approach.

He suggests adopting automated profit setting predefined levels to take partial profits and avoid emotional decision-making.

Ansem also nudged the trader to have a trusted friend who knows your portfolio swings and is pre-authorized to call you out when greed kicks in.

Strict risk management by maintaining a portion of the portfolio with hard stop-loss parameters—if it draws down X% from peak, automatically convert to cash.

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